UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of
Report (Date of earliest event reported): October 22, 2009
Colfax
Corporation
(Exact
name of registrant as specified in its charter)
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Delaware
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001-34045
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54-1887631
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(State
or other jurisdiction
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(Commission
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(I.R.S.
Employer
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of
incorporation)
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File
Number)
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Identification
No.)
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8730
Stony Point Parkway, Suite 150
Richmond,
VA 23235
(Address
of Principal Executive Offices) (Zip Code)
(804)
560-4070
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
name or former address, if changed since last report)
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.05. Costs Associated with Exit or Disposal Activities.
On August
4, 2009, Colfax Corporation (the “Company”) committed to and announced its plan
to close the Company’s plant in Sanford, N.C. (the “Sanford Plant”). At that
time, the Company was unable to estimate the amount of any non-cash asset
impairment charges related to the building and equipment and was therefore also
unable to estimate the total charges expected to be incurred. The
Company obtained an independent, third-party appraisal of the building on
October 19, 2009, which provided a basis for estimating the amount of impairment
loss to be incurred. The Company expects to record in the third
quarter of 2009 non-cash asset impairment charges totaling approximately $0.5
million. The total charges related to the Sanford Plant closing are
expected to be approximately $2.5 million.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on
its behalf by the undersigned hereunto duly authorized.
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Colfax
Corporation
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Date: October
22, 2009
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By:
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/s/
JOHN A. YOUNG
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Name:
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John
A. Young
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Title:
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President
and Chief Executive Officer
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